The 0% exchangeable senior notes are due 2030

Davis Polk advised the representatives of the several initial purchasers in connection with a Rule 144A offering by Oddity Finance LLC, a subsidiary of ODDITY Tech Ltd., of $600 million aggregate principal amount of its 0% exchangeable senior notes due 2030, which included $75 million aggregate principal amount of notes issued pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes. The notes are fully and unconditionally guaranteed by ODDITY Tech and IM Pro Makeup NY L.P. In addition, Davis Polk advised the counterparties to capped call transactions entered into in connection with the offering.

ODDITY is a consumer tech company that builds and scales digital-first brands to disrupt the offline-dominated beauty and wellness industries. The company serves approximately 60 million users with its AI-driven online platform, deploying data science to identify consumer needs, and developing solutions in the form of beauty and wellness products. ODDITY owns IL MAKIAGE and SpoiledChild. The company operates with business headquarters in New York City, an R&D center in Tel Aviv, Israel, and a biotechnology lab in Boston.

The Davis Polk capital markets team included partners Roshni Banker Cariello and Michael Kaplan, counsel Arisa Akashi Sin and associate Matthew A. Bultman. The equity derivatives team included partners Randall Derek Walters and Caitlin L. Wood, counsel M. Faisal Baloch and Hanbing Zhang and associates Ji Hwan Kim and Melissa X. Estrada. All members of the Davis Polk team are based in the New York office.

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